ECB sees sequence of moves to lift rates into positive territory: Lane
FRANKFURT -The European Central Bank is preparing for a sequence of rate hikes that will put its benchmark rate in positive territory, but the path …
rates
Bank of England raises rates to 1% despite looming recession risk
By William Schomberg and David Milliken LONDON, May 5 – The Bank of England raised interest rates to their highest since 2009 at 1% on …
Norway keeps rates on hold, remains on track for June hike
By Victoria Klesty and Gwladys Fouche OSLO – Norway’s central bank kept interest rates on hold on Thursday as widely expected and restated its plan …
Analysis-U.S. real rates up on hawkish Fed but inflation risk looms
By Davide Barbuscia NEW YORK – A jump in U.S. real yields back into positive territory is a sign that a hawkish Federal Reserve is …
ECB may hike rates in July to combat extreme inflation -Schnabel
FRANKFURT -The European Central Bank may need to raise interest rates as soon as July to stop “extremely high” inflation from getting entrenched, ECB board …
Russia to slash rates by year-end as rouble recovers
(Reuters) – Russia’s inflation this year could be lower than previously expected thanks to a recovery in the rouble, which should give the central bank …
Norway rates to rise amid challenging trade-offs, central bank chief says
OSLO – Norwegian interest rates are set to rise amid strong domestic growth and a buildup of pressure in the economy, but the the war …
Norway’s central bank to hold rates next week, raise in June- Reuters poll
OSLO – Norway’s central bank will keep its benchmark interest rate on hold next week at 0.75% while confirming plans for a hike in June, …
Higher rates, slowing China, risks to Latam and Caribbean growth – IMF
NEW YORK – The prospect of tighter financial conditions due to the war in Europe and a more hawkish Federal Reserve, alongside concern over a …
U.S. homebuilders to feel pricing pinch from rising mortgage rates, inflation
By Kannaki Deka and Abhijith Ganapavaram (Reuters) – U.S. homebuilders will likely find it harder to raise home prices in the coming months as rising …
GM, Ford steer into the headwinds of inflation, rising rates
By Joseph White and Paul Lienert DETROIT – General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that …
Japan’s ex-PM Abe says ‘wrong’ for BOJ to hike rates to stem yen falls
TOKYO – Japan’s former Prime Minister Shinzo Abe said it would be “clearly wrong” for the Bank of Japan to raise interest rates to curb …
BOJ to keep ultra-low rates, dovish stance as inflation clouds recovery
By Leika Kihara TOKYO – The Bank of Japan is set to maintain ultra-low interest rates on Thursday and hold off from major tweaks to …
Some Chinese state banks will cut deposit rates on Monday – sources
SHANGHAI – Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, …
U.S. child vaccination rates dip during pandemic -study
By Mrinalika Roy (Reuters) – Child vaccination rates in the United States fell during the COVID-19 pandemic as many children skipped doctors appointments and states …
Fed’s Evans repeats view he sees interest rates at neutral rate by year end
(Reuters) – The U.S. Federal Reserve should proceed sensibly in raising interest rates as it waits to see if special factors pushing up inflation begin …
U.S. mortgage interest rates reach a 12 year high, demand falters
(Reuters) – The average interest rate on the most popular U.S. home loan climbed to a 12 year high last week and fewer homebuyers sought …
China likely to lower benchmark lending rates after RRR cut – Reuters poll
SHANGHAI – Benchmark lending rates for China’s commercial banks are likely to be lowered at a monthly fixing on Wednesday, a Reuters survey showed, as …
Fed’s Bullard wants to get rates up to 3.5% by year end
(Reuters) – U.S. inflation is “far too high,” St. Louis Federal Reserve Bank President James Bullard said on Monday as he repeated his case for …
U.S. homebuilder sentiment drops to seven-month low amid surging mortgage rates
By Lucia Mutikani WASHINGTON – Confidence among U.S. single-family homebuilders fell to a seven-month low in April as surging mortgage rates and snarled supply chains …
Big U.S. banks see higher net interest income as rates rise
By Elizabeth Dilts Marshall NEW YORK – Wells Fargo & Co and JPMorgan Chase & Co reported a rise in net interest income in the …
New Zealand house prices fall as interest rates and inflation weigh
WELLINGTON – Tighter lending criteria and rising interest rates, coupled with inflation, continue to weigh on house prices and sales activity in New Zealand, the …
Fed’s Barkin says interest rates should be moved rapidly to neutral
(Reuters) – The U.S. Federal Reserve should quickly get interest rates up to a level where borrowing costs will no longer be stimulating the economy, …
BoK to pause in April but rates to go up every quarter – Reuters poll
By Shaloo Shrivastava BENGALURU – The Bank of Korea is likely to stand pat at its meeting this week as its committee awaits the appointment …
Inflation, rising rates, war create uncertain outlook for U.S. earnings
By Caroline Valetkevitch NEW YORK – An aggressive Federal Reserve, soaring inflation and geopolitical uncertainty from the war in Ukraine are muddying the outlook for …
Japan finance panel warns on higher rates pushing up borrowing costs
TOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public …
RBNZ to raise rates by 25 bps on April 13, some call for 50- Reuters poll
By Devayani Sathyan and Vivek Mishra BENGALURU – New Zealand’s central bank will opt for a modest 25 basis point interest rate rise on April …
Bank of Canada to hike rates by 50 basis points in April- Reuters poll
By Shrutee Sarkar BENGALURU – The Bank of Canada will raise its overnight interest rate by 50 basis points at its next policy meeting on …
U.S. mortgage interest rates rise to 4.9% – MBA
(Reuters) – The average interest rate on the most popular U.S. home loan kept climbing last week to stay at more than a three year …
ECB could raise interest rates back to zero this year – Wunsch
FRANKFURT – The European Central Bank could raise interest rates back to zero already this year to fight high inflation, Belgian central bank chief Pierre …
ECB expects to hike rates after ending bond buys in Q3: Schnabel
By Francesco Zecchini CERNOBBIO, Italy – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in …
Personal Touch, Helping Policyholders in Time of Need, and Affordable Rates are Keys to 60 Years of Success for Mercury Insurance
One of the best insurance companies in America, according to Forbes, continues its mission of providing high quality protection at affordable rates LOS ANGELES, April …
U.S. mortgage rates jump by the most in 11 years -MBA
(Reuters) – The interest rate on the most popular U.S. home loan jumped last week by the most in 11 years as bond market investors …
Facebook advertisers can pursue class action over ad rates
(Reuters) – A U.S. judge ruled on Tuesday that a lawsuit accusing Meta Platforms Inc’s Facebook of deceiving advertisers about its “potential reach” tool can …
Czech central bank seen raising rates to highest since 2001: Reuters poll
PRAGUE – The Czech National Bank is set to raise its main rate by 50 basis points to 5.00% on March 31, a Reuters poll …
Canada’s red-hot housing markets hint at cooldown as higher rates, inflation bite
By Nichola Saminather and Julie Gordon TORONTO – Toronto realtor Nasma Ali has noted a marked slowdown in housing demand in the red-hot Greater Toronto …
BOK chief reiterates need to further adjust rates as end of term nears
SEOUL – South Korea’s central bank chief reiterated on Wednesday the need to further raise the bank’s policy interest rate as the economy struggles to …
Bank of Mexico seen raising rates in response to Fed hike, inflation-Reuters poll
MEXICO CITY – Mexico’s central bank is set to raise its benchmark interest rate this week for the seventh consecutive time, following in the footsteps …
Fed open to speedier interest rates hikes if high inflation persists – Powell
– Federal Reserve policymakers will consider speeding up the pace of interest rate hikes this year should high inflation not begin to abate, Federal Reserve …
Fed may have to be more aggressive after hiking rates this year, Kashkari says
By Ann Saphir – The Federal Reserve should raise its policy rate to the range of 1.75% to 2% this year, Minneapolis Fed President Neel …
British pound drops after BoE hikes rates by 0.25%
LONDON – The British pound reversed its earlier gains and fell on Thursday, as investors interpreted a Bank of England 8-1 vote in favour of …
Gulf central banks follow Fed to raise key rates by 25 bps
CAIRO -Gulf central banks on Wednesday raised their main interest rates by a quarter percentage point in lockstep with the U.S. Federal Reserve as it …
Federal Reserve Hikes Interest Rates For First Time In Three Years
Federal Reserve Hikes Interest Rates For First Time In Three Years Harry Wilmerding on March 16, 2022 The Federal Reserve announced Wednesday it would increase …
‘Significant Uncertainty’: Mortgage Demand Plummets Amid Sky-High Rates, Massive Inflation
‘Significant Uncertainty’: Mortgage Demand Plummets Amid Sky-High Rates, Massive Inflation Harry Wilmerding on March 16, 2022 Mortgage demand plummeted in mid March after a sharp …
U.S. Treasury yields push to new highs as Fed looks set to hike rates
LONDON – U.S five and 10-year Treasury yields rose to their highest levels in almost three years on Tuesday, ahead of a widely-anticipated rate hike …
Central Bank Expected To Raise Interest Rates Wednesday
Central Bank Expected To Raise Interest Rates Wednesday Harry Wilmerding on March 14, 2022 The Federal Reserve is expected to raise interest rates after its …
Ex-PBOC adviser expects China to cut rates further – China Securities Journal
SHANGHAI – China will further cut interest rates to stabilise the economy, as shrinking China-U.S. yield spreads won’t change Beijing’s monetary policy loosening bias, the …
ECB won’t raise rates until some time after net bond buying ends -Lagarde
FRANKFURT – The European Central Bank has no intention of raising interest rates until some time after it has ended its bond buying at the …
Vaccines, Masks, Staying At Home Did Not Make Major Difference In COVID Rates, NYT Says
Vaccines, Masks, Staying At Home Did Not Make Major Difference In COVID Rates, NYT Says Laurel Duggan on March 9, 2022 The New York Times …
Fed to raise rates, won’t be as restrictive as ’90s: Evans
By Ann Saphir – Federal Reserve Bank of Chicago President Charles Evans on Friday said the U.S. central bank is on track to raising rates …